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Tauri | Bitcoin BLAKE2b (XBT) · 1w
Yeah, I agree.
nostrich · 1w
there is truth in your logic
ioio · 1w
Naturally the fees will be crazy high relatively to 4mb bitcoin. Just imagine… but I’m in favor. Use lightning. Big money pay the fee
Baerson · 2w
Fuck yeah man. Love it. I predicted the same thing. Only thing I don't understand is how Bitcoin will live on. Or is that part of the unexpected stuff? No sarcasm.
John profile picture
John @John
Bitcoin was a label given to a set of fundamentals and principles of absolutely scarce decentralized sound money which was embodied into code. It is those fundamentals and principles which are important, not the label itself. Many are confused about this.

The network effect also has people confused, as that is where the current energy is, and that is also mistaken for fundamentals and principles. However over time, and as people wake up, the network effect will follow the fundamentals and principles (not the other way around) either on the current chain or a new chain, and they will be preserved.

For me that is what I meant when I said Bitcoin. I don't really care what it is called, I care what it is.
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epsql · 2w
I agree, but then why should the Blake2b fork win? I'd rather bet on the upcoming ecash fork (small L1 blocks + drivechains) or monero.
nostrich · 2w
🎯 Bingo!
Hanshan · 2w
Just use monero man. Why are you attached to a particular history of transactions?
 John profile picture
John @John
My answer: Monero is not money.

Response: What is money?

My answer: Money is an absolutely scarce and decentralized uncontrollable sound medium to store energy, selected by the free market. The market chooses the medium exhibiting the following 5 attributes the strongest: Identifiability, Durability, Divisibility, Portability, and most importantly Scarcity (and it MUST be absolutely scarce)... It is a safe haven for energetic beings to store their energy across time and space so that it may not be confiscated AT ALL by the control structure. Because even a little confiscation (2% or even less per year) is catastrophic when considering the LONG GAME (centuries +) this control structure operates under. This is a generational battle and our generational knowledge has been wiped from our lineage precisely because our energy was used against us over time.
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Hanshan · 2w
Gold managed to be money for thousands of years despite having supply inflation of 1 to 2%. So your thesis is just wrong. Absolute scarcity is not only not a necessity for sound money, it is not good monetary policy.
Tauri | Bitcoin BLAKE2b (XBT) · 2w
I’m reading it now. The similarities between the book and what happened with BIP110 over the past year are uncanny, especially in the first 50–60 pages. I don’t know whether the book was prophetic or we’re living in a simulation, but it’s crazy how you can simply swap out a bunch of names,...
nostrich · 2w
Yes. The old 2% solution ( the rate that gold can expand supply ) is now a 0% solution. That is what we aspire to and build for; and in a principled way I would add,; the last yard is all way the hardest. Be strong 💪💪
nostrich · 2w
Godspeed! Spot on! Bitcoin-Blake2b gives me hope again together with the Bitcoiners who are part of it.
Baerson · 2w
Fuck yeah man. Love it. I predicted the same thing. Only thing I don't understand is how Bitcoin will live on. Or is that part of the unexpected stuff? No sarcasm.
epsql · 2w
I could agree with you if this pump were a bit more random, but there is a clear catalyst here which has also sent gold up quite a bit. Are you sure your interpretation of things is so obviously right?
John profile picture
Regarding tomorrow's BIP-110 activation:

I expect BIP-110 will be successful. Not in achieving majority hash rate after activation, but in exposing a completely captured and controlled mining industry. This will become apparent as the miners will defy all logic which participants in a free(ish) market should exhibit. This will be a wake up call to many who underestimated the scope of the control structure we were born into, and which we are looking to escape.

I then expect the overlords will pump the fiat price of the "core chain" as a false beacon of success to those who mistakenly judge fundamentals based on fiat price. It will be a brilliantly illuminated bug zapper for those attempting and hoping to fly towards freedom. It will also signal the "defeat" of this "reckless BIP" that will suffer the same fate as non-principled forks of the "real bitcoin" before it (Bcash etc).

This may seem bleak, however if we are honest with ourselves, we always knew deep down that the long hard road was the one we would need to walk. It was not going to be easy, we would not have any free passes, nor do we need any. The battle for freedom from the most powerful human control structure our history (fake or not) has ever known will not be one of ease nor convenience. It will and must be one of value, honor, principles, perseverance, getting to know our true selves, and realizing our true potential.

And therefore our victory comes in most unexpected of ways... as we move together to a place based on principle, embracing a new chain free of the lies, manipulation, and mal-intent. Bitcoin then lives on, carried by the patient humble warriors who will live and die by principle and love for fellow good souls. And when the scam is unveiled to the masses, we will be there, silently building in the background, waiting for other good souls to arrive.

And by some sly roundabout way, we have already introduced something that they can’t stop.

Stay strong, and much love.
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FreeYoda · 2w
Been in Bitcoin since 2017, most of my wealth in Bitcoin since roughly 2023. But before that I started saving in physical Gold and Silver. Long story short, perhaps we should expect to going back to Gold and Silver. Not that I like it, far from that. Not that I want to go back to a society that co...
Tauri | Bitcoin BLAKE2b (XBT) · 2w
Incredible foresight friend
Archiesta · 2w
This is truly prophetic
Hanshan · 2w
Just use monero man. Why are you attached to a particular history of transactions?
Archiesta · 2w
Golds competitors had a higher inflation rate. So you could store your time in gold more efficient. But, when I can choose between 1-2% inflation and 0% inflation in a free market, why wouly I take the 2%? I prefer to get robbed the tiniest amount possible, 0% is therefore optimal.
imad gaza🍉 · 5w
That really is beautiful — yes, it's a kit I put together recently.
John profile picture
Adversarial thinking is seeping into the collective consciousness... this is very healthy. 💪

The heroes will be slain, until we realize we do not need them.
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